New for 2017!

The Socionomic Theory of Finance presents the 13-year-long work of Robert Prechter, plus 21 contributions from 12 other scholars, writers, researchers and analysts. The book challenges convention and offers an entirely new theory of finance and macroeconomics.

When sentiment toward a financial market grows one-sided, it's time to anticipate a trend change. See how EWI anticipated an upturn in silver prices when most traders were decidedly bearish. Take a look at these two charts ...

At the end of 2016, the future of gold prices seemed doomed by a hawkish Fed. But, despite three interest rate hikes since December 2016, gold has soared 12%-plus to a one-year high. Today, the analysis gloves come off!

After aluminum prices soared to their highest level since 2014, the mainstream experts cited "deep capacity cuts" by China as the fundamental impetus for the rise. But what about seeing aluminum's bullish surge before it began? That's the story you want to hear!

The big flare-up of tensions between the U.S. and North Korea has dominated the news. And some financial observers are saying this is why gold's price has been rising. Yet, see how "seller exhaustion and a trend reversal" was indicated a month ago, suggesting a gold rally ahead.

Over the last month, platinum has gone from worst precious metal performer to star of the show, with prices soaring to three-month highs on August 9. Last check, there was no good fundamental reason for the surge. There was, however, a great Elliott wave one.

Gold and silver are widely considered classic inflation hedges. But conventional wisdom often does not square with reality. Market observers tend to see what fits with their paradigm. This will change yours.

June 14: Fed Day! It's supposedly the one day gold investors can clearly predict the precious metal's next move based on the Fed's hawkish or dovish tone. But history shows gold prices are NOT being led by the Fed at all.

At the start of 2017, China and the U.S. were engaged in a bitter “Aluminum War” – one widely expected to keep the metal’s price under pressure. And yet, since early January, aluminum prices have rallied to a 2-year high. Our take on why might surprise you.

In December, a "smoking gun" of price manipulation was allegedly uncovered in the silver market. A month later, our analysis showed a different "smoking gun" on silver's price chart: a bullish Elliott wave pattern. (Result: On February 28, silver touched a 3-month high.) See two charts that tell the story.

According to mainstream financial wisdom, the Federal Reserve is to gold prices what Gepetto is to Pinocchio: If the Fed raises rates, gold prices fall. But one look at recent events proves the “nose” on this story is getting longer and longer!

On Dec. 16, gold traders were more bearish on a longer-term basis than they were in July 1999, when the precious metal was at $252.15. That day, our Short Term Update said, "It's tough to lean against the crowd ... but that's exactly what our analysis suggests is proper at the current juncture." On Jan. 17, gold hit a 2-month high.

2016 has been a year of shocks. And for many gold bugs, that includes the unrelenting downtrend that gold prices have endured since June. According to the experts, gold was supposed to be soaring, not sputtering. So, what happened?

Bearish hedge fund managers were woefully caught off guard in December 2015 when gold launched a 31% rally into July of this year. By contrast, we told subscribers that a sharp rally was imminent right at the low. Now, gold's price appears to face another key juncture.

In the past month, gold saw a big spike in volatility. Commentators pointed to the U.S. presidential election as the cause. But Elliott wave analysts made a forecast for volatility in gold when the CBOE Gold ETF VIX index had been trending lower, and made no mention of the election. Here's what we saw.

On October 28, gold prices took off to the upside in a powerful surge, despite ongoing expectations of a rate hike by the Fed. Turns out, mainstream analysis of the yellow metal is pressing all the wrong buttons.

On September 21, a perfect bullish storm brewed in the fundamental backdrop of platinum. And yet, on September 23, platinum turned down in a vicious sell-off to six-month lows. Let us offer you an explanation you won’t read in the mainstream.

On October 4, gold prices crashed $40-plus per ounce in their steepest single-day drop in three years. Many cited "hawkish" Fed comments for pulling the rug out from under gold. But that only explains the metal's fall after the fact. What really happened?

In late 2015, the mainstream experts were certain of one thing: The Federal Reserve’s first rate hike in nine years was set to drive a stake through the heart of silver’s upside potential. And yet, the white metal took off in December on a 50%-strong, 7-month-long rally to multi-year highs. This story is worth the wait!

Which precious metal has outperformed all others in 2016? You might think gold or silver. But the real answer is... palladium. Turns out, this metal underdog has one factor to thank for its incredible bull run… See for yourself.

Metals Pro Service editor Tom Denham knows how important it is to stick with a trend once you’re in it. Tom also notes that Elliott lets you fine-tune turns as the trend matures. A 9-minute subscribers-only video; initial 1:52 available to the public.

Lately, copper's identity has been swinging back and forth from "precious" metal to "industrial" metal and back again. It's enough to make investors feel crazy! But in our opinion, there's a very clear method to copper's seeming "madness" -- one seen through the eyes of Elliott wave analysis.

From June 23 to July 4, silver prices exploded upwards, soaring 16% to a two-year high. According to the mainstream experts, the Brexit vote was a main catalyst for the white metal's winning streak. But there's much more to this story that they aren't saying.

In December 2015, the fundamental experts gave gold's future two, enthusiastic thumbs-down. And yet, from a six-year low, gold prices turned up, rallying 20% to a 22-month high this June. Turns out, there's more to this market than meets the fundamental eye.

On May 4, we were right alongside the mainstream experts with a bullish outlook on gold -- save for one "critical" difference. Our analysis identified a critical support level that, if breached, would tilt the odds in favor of a major decline. And that has made all the difference.

Even professional investors tend to get aboard a trend just when it's about to turn. Such is the case with gold. But analysis that's independent from the prevailing sentiment can keep you ahead of important financial turns. Take a look at these two charts.

On April 11, copper prices took step one of a powerful rally that launched the red metal to one-month highs -- despite a raft of bearish data that pointed the market in the opposite direction. Makes you think something else is at work!

Gold's price trend has baffled investors at almost every turn. Even going back to gold's 2001 low of $255, one major publication called the precious metal "tarnished!" Gold's price went up 653% from there! Today, gold's wave pattern is clear, and Elliott-minded investors are benefitting.

On March 10, gold prices turned down from a 13-month high to embark on the 11-session sell-off we see today. The problem is, the metal's downtrend fits nowhere into the mainstream picture. It does, however, fit into the Elliott wave one.

Gold has been hailed as "the biggest story of this year" lately. And to think that just in December, pundits were saying that gold had "lost its luster"! How did the mainstream miss this sleeper opportunity? This video gives you an answer.

In December, most money managers hated gold. But the Wave Principle said gold was going higher. On Feb. 11, the yellow metal hit a one-year high. Now is the time to position your portfolio for gold's next big move.

It's been conventional wisdom for decades: Gold is a "fear hedge." And yet, like many other market myths we've written about, this one is also just that -- a myth. Look at this chart, decide for yourself.

It's tempting to say that gold is up 16% YTD "as investors are seeking a safe haven." Problem is, this (very logical) explanation tells you little about where gold might go tomorrow. Elliott wave analysis, on the other hand, does.

Professional investors made a huge bet against gold in December. We took the opposite stance. Money managers are now licking their wounds. The price of the yellow metal has climbed north of 22%. Position your portfolio for gold's next big move.

The conventional wisdom says that the Fed's decision to leave rates unchanged triggered a jump in gold to a 12-week high. But does the central bank's policy really drive the price of gold? See how the Wave Principle helps us to forecast gold.

chart of the day | We follow a lot of financial markets, yet the sentiment we see at work in gold continues to be compelling. Here, you see two charts of gold sentiment: from December 21 and January 4.

Many speculators believe that the price of gold is headed down. See a chart that shows what happened with gold during other times when sentiment was extremely negative. Another chart addresses the widespread belief that rising interest rates are bearish for gold.

The U.S. Federal Reserve's December 16 rate hike was interpreted by gold bulls the world over as a virtual lightsaber through the heart. But as recent history proves: The "force" behind gold prices isn't the Fed...

Here's a weekly chart of gold, covering the past five years: You can see that, from the peak high in 2011, gold's price trend has moved in a series of waves lower, recently down to levels last seen in 2010 ... So, what's up with those green arrows?

Copper's uses are so widespread that earned a nickname for "diagnosing" the economy -- as in, "Dr. Copper." Well, Dr. Copper's prices have not been doing that great. On Nov. 23, MarketWatch reported that, "Copper futures slumped to six-year lows..."

chart of the day | This is a daily chart of spot gold prices, as the action stood on November 9, one week ago. Here are a couple of things that make this chart interesting. First, we see four completed waves of what we expect to be a five-wave pattern. Second...

On October 27, one day before the latest Fed meeting wrapped up, gold prices flexed their bullish muscle, soaring to $1180 per ounce. Many experts did not see the Fed's coming decision as a threat for the rally. And then this happened.

If you live in the U.S., maybe you've noticed lately that "We Buy Gold!" signs are disappearing from sidewalks in front of pawn shops. The signs really began popping up in 2010-2011, when gold prices were climbing to their all-time high of $1900 an ounce. And even after gold tumbled...

On September 17, gold traders and investors were sure of one thing: IF the Fed kept interest rates near 0% for a "considerable time," gold prices would rise. The Fed did just that -- YET, gold prices dropped 1% that day. What gives?

On March 14, fundamental analysis experts in precious metals had their sights pinned on two main factors, both with bullish near-term implications. And yet, gold and silver prices are down hard! Here is our take on the situation.

Major world governments bought huge quantities of gold near the precious metal's 2011 high, and their gold portfolios have since taken a big hit. Is it wise for investors to buy the dip... or does the downtrend in gold have further to go?

Picture this. You are a looking at a price chart, and you see a wave pattern you recognize. Based on the pattern, you think the market should fall. Instead, it rises. How do you adjust your analysis? Let's look at a real-life example: silver futures.

"Nobody really understands gold prices, and I don't pretend to understand them either," the former Fed Chairman Ben Bernanke once said. Well, if all you do is look at gold's "fundamentals," he's right -- the difficulty is obvious.

The recent nerve gas attack in Syria has brought the United States and other nations to the point of taking military action. The threat of a larger involvement in war is usually thought to affect the price of gold, as if it were a fundamental divining rod for gold prices.

From the start of 2013 to late June, gold prices took a 20% nosedive to their lowest level in three years. But if you think an improving economy took the wind out of gold's sails, the last six decades of history might surprise you.

On July 22, gold prices soared 3%-plus to go above $1300 per ounce in their largest percentage gain since June 29, 2012. The fact is, the July 22 rally in gold makes absolutely no sense in terms of fundamental analysis of financial markets. It is, however, easy to understand in the context of objective Elliott wave analysis. Let's look back on EWI's Metals Specialty Service for support.

Federal Reserve Chairman Ben Bernanke made this startling confession before a Senate Banking Committee on July 18, 2013: "Nobody really understands gold prices, and I don't pretend to understand them either." For some perspective, that's kind of like boarding an airplane only to have the pilot get on the PA system and say, "Does anyone know what this flashing red button means?"

If you were to believe the mainstream financial media's interpretation of gold's price action in recent weeks, you would reach one simple conclusion; namely, that gold investors are mentally unbalanced. One day, they seem to take their cues directly from hawkish hearsay surrounding the Federal Reserve.

Successful market analysis is rooted in irony and paradox. Our gold and silver analysis at the peak two years ago relied heavily on five arguments directly opposed to those offered everywhere else we look.

It's often said that gold and silver "always" go up during hard economic times. But you might be surprised to learn what the historical evidence says about this widely held belief. Let's start with gold ...

Ask a mainstream economist about the relationship between central bank monetary policy and precious metals, and you'll hear something like: A hawkish Federal Reserve is to gold prices what kryptonite is to Superman. End the money printing and low interest rates, and you take the gravity-defying power out of gold.

A look at sentiment and social mood across Europe as French voters head to the polls on Sunday to elect France's new president. Plus, learn why looking at the U.S. dollar, interest rates and politics are the wrong tools when trying to forecast the price action in gold. And this Canadian city this size is an ideal candidate to preview real estate trends in Canada and in the United States.

Learn why it's unusual for gold and silver to have different patterns -- as they've shown lately -- and what that means for the price trends going forward. Some insurance companies themselves might be at risk as "A massive insurance company failure" just made the news. Are "baby boomers" driving the stock market's trend?

New insights from our European Markets Expert Brian Whitmer. Plus, learn what momentum is signaling across the metals markets. And lastly, this is why it's important to keep the bigger market trend in mind -- case in point: crude oil.

Learn why the recent price action in gold suggests to him that gold prices may be entering a risky period soon. Plus, one high-yield debt instrument that was at the forefront of the 2007-2009 financial crisis has reached a new, dangerous milestone and we're sounding the alarm. Lastly, at least one measure of optimism has returned to the height of the bubble days. Some say not to worry because "the economy is in far better shape than a decade ago." Is today really different?

Our first segment gives you a sneak peek of what analysts at Elliott Wave International have been watching in U.S. and global stocks, forex, metals, interest rates, energy and social mood. Next we take a look at legalization of recreational marijuana and answer the important question, why now? Lastly, we take a deeper look at Obamacare and reveal the real reason it's coming unglued.

We first start by looking at car loans. The delinquency rate among subprime auto loans is rising, even as total auto loan liabilities exceed $1 trillion. Our next feature is on municipal bonds. Many investors continue to pour money into municipal bond funds even after Puerto Rico's muni bond default. We believe debt-market complacency will soon be met with regret. Our last feature is an interview with Elliott Wave International's Senior Metals Analyst who explains the relationship between gold and the U.S. dollar. Learn why Tom believes the development of gold's wave pattern provides all the information he needs to create his forecast.

We start this week's episode by looking at how higher stock prices and higher skyscrapers go hand in hand. Next up we have a feature from Pete Kendall where he discusses the uniqueness of the Wave Principle and explains why psychology repeats itself over time. The last feature is an interview with Tom Denham, the editor of EWI's Metals Pro Service.

We start with Brian Whitmer who edits Elliott Wave International's monthly European Financial Forecast. He spoke with ElliottWaveTV's Dana Weeks about what the current figures of credit demand mean for European stocks. Take a listen to learn what message credit demand across Europe is sending right now. Next up is an interview with Tom Denham who covers metals for Elliott Wave International. In this new interview, Tom talks about recent price action in gold and silver and the relationship between the two markets. Our last feature comes from Tony Carrion, one of Elliott Wave International's Currency Pro Service analysts. Tony relies on the Wave Principle for determining price targets. He explains how he uses Elliott waves -- and why hearing an interview with Bob Prechter was a "game changer."

According to our Senior Metals Analyst: "Metals have blown up." Learn what to expect next ... EWI first discussed Bitcoin when the electronic currency traded at six cents. Prepare now for some major "crypto-drama" ... Hurricane Harvey hit and Hurricane Irma is on the way. Will they send oil prices higher?